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Views: 172 DOM: 297 Updated: 08.12.24 Posted: 01.29.24 Status: Active 01.29.24

Summary

Price $705,030
Built/Renov 1984/2023
Tenant Opus Inspection
Cap Rate 8.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,371
Lease Start 09-01-2023
#Units 34
Price/SF $297.36
Expiration 09-01-2028
Tenant Type Automotive
NOI $58,165
R. Term 3.9
Ownership Fee Simple
Rent/SF $40.11
Increases 3.0%/1/yrs
Pop 5Mi 148,542
Lot/AC 0.35
Options 1/6yrs/3%
AHHI 5Mi $84,997

Lease Highlights

  • Recent renovations | 20-year manufacturer’s warranty included
  • Opus Inspections recently signed a new 5-year lease with 1 (6-year) option to extend
  • The lease features annual rent increases of 3% or CPI (whichever is greater)
  • Future development potential | Speak with Agent for details
  • Absolute NNN | Zero landlord responsibilities
  • Corporately guaranteed lease

Location Description

Opus Inspection is conveniently located, with excellent access and visibility along Brown Deer Rd., which sees nearly 53,000 vehicles passing by daily. The property benefits from an easement with the adjacent lot, providing cross access to the site. Nearby major nationals include Firestone, Dollar Tree, Chase Bank and more, creating a strong consumer drive to the immediate trade area....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Opus Inspections
  • Guarantor:Corporate
  • Company:Searchlight Capital Partners
  • # Units:34
  • Stock:Private

About Tenant

Opus Inspections is a vehicle inspection and intelligent vehicle support, as well as a leader in vehicle emission testing in the US. The company designs, builds, and operates emission testing...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 10,313 47,134 145,909
2023 Total Population : 10,000 47,011 146,542
2023 Employed Civilian Pop : 3,987 21,867 66,611
2023 Total Businesses : 248 1,874 4,762
2023 Average Household Income : $ 56,511 $ 86,216 $ 95,659
2023 Total Consumer Spending : $ 209 M $ 1446 M $ 4854 M
2023 Median Age : 33 39 37
2023 Total Households : 4,188 19,349 58,642
2023 Pop Age 25+: Bachelor's Degree : 953 6,380 22,151
2023 Average Home Value : $ 178,687 $ 238,862 $ 289,254
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
West Brown Deer Road N 96th St 2021 26,600 0.05 mi
West Brown Deer Road N 87th Ct 2019 26,700 0.07 mi
W Brown Deer Rd N 91st St 2010 23,700 0.11 mi
W Brown Deer Rd N 85th St 2011 28,800 0.14 mi
N 85th St W Beatrice Ct 2016 4,100 0.21 mi
N 86th St W Greenbrook Dr 2000 350 0.21 mi
N 91st St W Brown Deer Rd 2016 9,200 0.23 mi
North Swan Road W Brown Deer Rd 2019 3,500 0.25 mi
N 85th St W Greenbrook Dr 2004 6,500 0.27 mi
W Brown Deer Rd N 85th St 2016 24,900 0.30 mi

Listing Broker

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